The impact of COVID-19 has already had a profound impact on all business sectors globally, including the construction industry. Projects in many countries have been impacted by the outbreak, including as a result of labour...more
3/31/2020
/ Construction Contracts ,
Construction Industry ,
Contract Modification ,
Contract Termination ,
Coronavirus/COVID-19 ,
Delays ,
Duty to Mitigate ,
Engineering ,
EU ,
FIDIC Contracts ,
Force Majeure Clause ,
General Contractors ,
New Engineering Contracts (NEC Contracts) ,
Time Extensions
The recent outbreak of the coronavirus has quickly developed from a local to a global threat with tragic human losses that overshadow contemplations of its economic impact. However, the disease is likely to have a profound...more
The Great Financial Crisis, natural disasters and political turmoil in various regions around the world have recently highlighted the significant importance of force majeure clauses. With regard to political turmoil, often...more